BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Baqaei, who doubles as head of Cultural Heritage, Handicrafts and Tourism Organization, and Egypt's Minister of Civil Aviation Ahmed Shafiq oversaw the signing of a Memorandum of Understanding between the two country's aviation officials in Cairo on Sunday.

The agreement provides for 28 flights between Cairo and Tehran per week, but does not specify when flights will resume.

Tehran and Cairo broke off diplomatic relations in the wake of Iran's Islamic Revolution in 1979 after the then-Egyptian President Anwar Sadat granted refuge to the deposed Shah of Iran, Mohammad-Reza Pahlavi.

Egypt's recognition of the Israeli regime as the only Arab state other than Jordan also widened the gap between the two Muslim states for three decades.